Pepper gains on supply crunch

Pepper futures ended with positive note reposing the faith in world wide supply shortage. Spot price traded firm near Rs 25000 per quintal.

As per media sources most of the domestic demand is met from the pepper from coorg region and farmers are holding the pepper from hilly areas for better price realization.

PVO analysis shows slight divergence when comparing volume with prices which shows volume participation had slightly reduced in the last four days.

International prices of MG1 grade trade near $5900 per ton which is out priced compared with prices in Vietnam.

However limited participation by Vietnam in the international market can make MG1 competitive even though prices are trading at higher levels.

Courtesy: Geojit Comtrade Limited


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